North American Free Trade Agreement

British  

noun

1.  NAFTA.  an international trade agreement between the United States, Canada, and Mexico

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North American Free Trade Agreement Cultural  

1. An agreement between the United States, Canada, and Mexico to establish free trade. It took effect in 1994 and is designed to eliminate trade barriers between the three nations by 2009.

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Many American labor unions oppose NAFTA on the grounds that it takes away jobs from American workers as manufacturers relocate in Mexico to take advantage of cheaper labor. Others argue that free trade creates more jobs in the United States than it destroys.

Example Sentences

The trend was a natural outgrowth of the North American Free Trade Agreement, signed in 1994, which lowered tariffs between the U.S.,

From Los Angeles Times

The passage of the North American Free Trade Agreement in 1994, which laid the groundwork for the current trade pact, changed that.

From Los Angeles Times

It was a revamp of the North American Free Trade Agreement, which was created in 1994.

From BBC

The agreement later included Mexico in 1994, evolving into the North American Free Trade Agreement.

From Seattle Times

That started to change in the 1990s after the North American Free Trade Agreement was signed, eliminating U.S. duties on products from neighboring countries, and large multinational companies started to move garment production to Mexico.

From New York Times